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Bill Nelson blasts Peter Orszag during his confirmation hearing

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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 06:08 PM
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Bill Nelson blasts Peter Orszag during his confirmation hearing
A Democratic senator on Tuesday accused President-elect Obama’s incoming director of the Office of Management and Budget of talking “mumbo jumbo” instead of offering hard details on the economy.

“I would think that in this era of freshness and transparency the new administration would want to come forth with detail instead of this mumbo jumbo that is going on,” said Sen. Bill Nelson (D-Fla.), a member of the Senate Budget Committee, during Peter Orszag’s confirmation hearing.

Orszag had little to say during Tuesday’s hearing on how the incoming administration would spend the second half of the $700 billion financial rescue package, known as the Troubled Asset Relief Program (TARP), or specifics regarding the economic stimulus package being drafted.

“We’ll have much more to say in mid-to-late February when the economic and budget overview is released,” Orszag told the panel.
Nelson went even further, blasting Obama’s senior economic adviser, Lawrence Summers, for also failing to divulge the administration’s plans during a meeting over the weekend with Democrats.

“The discussion on Sunday was devoid of details with Mr. Summers. When are we going to get those details?” said Nelson.

Budget Chairman Kent Conrad (D-N.D.) halted the testy exchange by noting that Summers had sent the committee a letter outlining how the Obama administration would spend TARP funds differently than the Bush administration.

Despite the flare-up, Orszag is expected to receive Senate confirmation easily. Conrad is preparing an agreement with Republicans that would discharge Orszag’s nomination from the Budget Committee on Jan. 20, paving the way for full Senate confirmation that same day or soon after.

At Tuesday’s hearing, Orszag laid out President-elect Obama’s broad priorities, which the incoming president discussed frequently on the campaign trail.

He said Obama’s highest priorities would be to expand the coverage and improve the efficiency of the nation’s healthcare system, provide tax relief to the middle class, reverse the downturn in the housing market, make homes more affordable to low- and middle-income households, develop renewable energy sources and improve education.

“Perhaps in that order, healthcare, energy, education, housing and support for the middle class being an overarching theme.”

http://thehill.com/leading-the-news/senator-blasts-obamas-omb-director-for-mumbo-jumbo-2009-01-13.html

Its laughable how some of these Democrats who have been so weak during the Bush yrs. Are now so big and tough.
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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 06:11 PM
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1. And bill fucking
nelson is one.
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 06:59 PM
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2. Just like he did with the initial outlay.
Oh, wait...
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Aloha Spirit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 07:57 PM
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3. When Obama releases more TARP details on January 20th, it will still sound like mumbo jumbo to him.
And anybody else who hasn't studied economics, like me :dunce:
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